Genie Energy Ltd. Reports Fourth Quarter and Full Year 2020 Results

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Genie Energy (GNE) Reports Q4 Loss of $0.06 on Revenues of $102.9M

March 11, 2021 7:38 AM EST

Genie Energy (NYSE: GNE) reported Q4 EPS of ($0.06), versus $0.00 reported last year. Revenue for the quarter came in at $102.9 million, versus $82 million reported last year.

4Q20 AND FULL YEAR 2020 FINANCIAL AND OPERATIONAL HIGHLIGHTS (Throughout this release, 4Q20 results are compared to 4Q19 results and FY 2020 results are compared to FY 2019 results unless otherwise noted)

4Q20 consolidated revenue increased 25.5% to $102.9 million. Full year 2020 consolidated revenue increased 20.3% to a company record of $379.3 million.4Q20 consolidated loss from operations was $1.1 million compared to income from... More